Antwerp Royal Services: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Antwerp Royal Services
Largest movements
- Receivables within one year +€27,936
up €27,936 (+3,261%), from €857 to €28,792
of which Trade receivables: +€28,474
- Stocks and contracts -€16,398
down €16,398 (-21.9%), from €74,930 to €58,532
- Tangible fixed assets +€13,626
up €13,626 (+227%), from €6,006 to €19,632
of which Plant, machinery and equipment: +€14,043
- Trade debts +€25,455
up €25,455 (+880%), from €2,891 to €28,347
- Profit (loss) carried forward +€2,405
up €2,405 (+18.2%), from -€13,239 to -€10,834
- Other debts -€2,345
down €2,345 (-2.6%), from €88,610 to €86,265
- Depreciation +€2,850
up €2,850 (+135%), from €2,107 to €4,957
- Gross operating margin +€1,756
up €1,756 (+24.6%), from €7,125 to €8,881
- Other operating charges -€1,067
down €1,067 (-44.6%), from €2,394 to €1,327
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,134 | €108,199 | +€26,065 | +31.7% |
| Fixed assets | 21/28 | €6,006 | €19,632 | +€13,626 | +227% |
| Tangible fixed assets | 22/27 | €6,006 | €19,632 | +€13,626 | +227% |
| Plant, machinery and equipment | 23 | €5,589 | €19,632 | +€14,043 | +251% |
| Furniture and vehicles | 24 | €417 | - | -€417 | |
| Current assets | 29/58 | €76,129 | €88,567 | +€12,439 | +16.3% |
| Stocks and contracts in progress | 3 | €74,930 | €58,532 | -€16,398 | -21.9% |
| Stocks | 30/36 | €74,930 | €58,532 | -€16,398 | -21.9% |
| Amounts receivable within one year | 40/41 | €857 | €28,792 | +€27,936 | +3,261% |
| Trade receivables | 40 | €139 | €28,613 | +€28,474 | +20,552% |
| Other amounts receivable | 41 | €718 | €179 | -€539 | -75.0% |
| Cash at bank and in hand | 54/58 | €342 | €1,243 | +€901 | +264% |
| Total equity and liabilities | 10/49 | €82,134 | €108,199 | +€26,065 | +31.7% |
| Equity | 10/15 | -€10,239 | -€7,834 | +€2,405 | +23.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,239 | -€10,834 | +€2,405 | +18.2% |
| Amounts payable | 17/49 | €92,374 | €116,034 | +€23,660 | +25.6% |
| Amounts payable within one year | 42/48 | €92,374 | €116,034 | +€23,660 | +25.6% |
| Trade debts | 44 | €2,891 | €28,347 | +€25,455 | +880% |
| Suppliers | 440/4 | €2,891 | €28,347 | +€25,455 | +880% |
| Advances received on contracts in progress | 46 | - | €550 | +€550 | |
| Taxes, remuneration and social security | 45 | €872 | €872 | = | 0.0% |
| Taxes | 450/3 | €872 | €872 | = | 0.0% |
| Other amounts payable | 47/48 | €88,610 | €86,265 | -€2,345 | -2.6% |
| Non-recurring operating income | 76A | - | €4,583 | +€4,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,107 | €4,957 | +€2,850 | +135% |
| Other operating charges | 640/8 | €2,394 | €1,327 | -€1,067 | -44.6% |
| Gross operating margin | 9900 | €7,125 | €8,881 | +€1,756 | +24.6% |
| Operating profit (loss) | 9901 | €2,624 | €2,596 | -€27 | -1.0% |
| Financial charges | 65/66B | €116 | €191 | +€76 | +65.5% |
| Recurring financial charges | 65 | €116 | €191 | +€76 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €2,508 | €2,405 | -€103 | -4.1% |
| Profit (loss) for the period | 9904 | €2,508 | €2,405 | -€103 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,508 | €2,405 | -€103 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.